The Bucharest Court Wednesday allowed insolvency claims against Romanian low-cost airline Blue Air filed by airline Carpatair and Service Excellence Solutions, Court spokeswoman Laura Radu told MEDIAFAX Friday.

*Furniture, gadgets and do-it-yourself lost one customers out of five – in Ziarul Financiar
*Foreign investors: One solution to exit the crisis is to organize the European Soccer Championship – in Ziarul Financiar
*CEZ made EUR 1 million in a month from green certificates. It would make 42 times more in a year – in Ziarul Financiar
*BCR could become shareholder in Oltchim – in Ziarul Financiar
*Turkish from Azomures start the biggest investment from the privatization: EUR 115 million in new equipments – in Ziarul Financiar
*A&D Pharma playing hard on the private clinics market: contract for 10,000 employees – in Ziarul Financiar

Multinational companies are interested in relocating their production activity from Romania to the Republic of Moldova to take advantage of the lower workforce and operations costs, according to the Moldavian Economy Minister Valeriu Lazar.

Dutch confectionery ingredients producer Zeelandia has recently opened a factory in Iasi, the first phase of a EUR 10 million larger project. The company has so far invested EUR 3 million in this project. It bought a 22,000 sqm land in Miroslava, near Iasi, in 2006. The factory covers 2,000 sqm and new production warehouses will be added, as well as an administrative building, in the later phases of the project.

A new International Monetary Fund (IMF) mission which will review Romania's economic performances will come to Bucharest on October 20 and stay until the beginning of November, according to Mihai Tanasescu, Romania's representative to the IMF, quoted by Agerpres.

Octogon Gas & Logistics received a EUR 9.4 million financing from Banca Transilvania to build the largest Liquefied Petroleum Gas (LPG) marine terminal in the Midia – Navodari harbor. The terminal was scheduled to officially open on Thursday, October 7. The project took around a year to be completed.

Romania needs to regain the trust of foreign investors and avoid a third year of economic crisis in the country, said Mariana Gheorghe, Petrom CEO and head of the Foreign Investors Council (FIC) in Romania. The council has launched a 80-measure plan to send Romania back on the economic revival path. The council estimates such measures could allow the country grow its Gross Domestic Product (GDP) by 11.6 percent, should these measures be applied by 2015.

The local retail market was down 12 percent in the first half of the year, according to Nielsen Romania. The drop was higher – 15 percent - excluding the sales of discount stores. Traditional trade was the most affected, but still covered the bulk of the market in Romania, although hypermarkets and discounters have gained more ground in the meantime.

Romania plans to support young investors who will start a business by offering them state guarantees, as well as exemptions from social security payment and a state aid of 20 percent of the value of their projects, up to EUR 10,000. The Romanian Government has put up for public debate the ordinance project and plans to enact it later on.

With coal, gas, nuclear and large hydropower plants largely under state control, investors have found it hard to tap the European Union (EU) member state's energy market as successive governments have stalled reforms, privatizations and public-private partnerships, wrote newswire Reuters in a recent analysis about the Romanian wind projects market.

The Bucharest Court Wednesday allowed insolvency claims against Romanian low-cost airline Blue Air filed by airline Carpatair and Service Excellence Solutions, Court spokeswoman Laura Radu told MEDIAFAX Friday.

*Furniture, gadgets and do-it-yourself lost one customers out of five – in Ziarul Financiar
*Foreign investors: One solution to exit the crisis is to organize the European Soccer Championship – in Ziarul Financiar
*CEZ made EUR 1 million in a month from green certificates. It would make 42 times more in a year – in Ziarul Financiar
*BCR could become shareholder in Oltchim – in Ziarul Financiar
*Turkish from Azomures start the biggest investment from the privatization: EUR 115 million in new equipments – in Ziarul Financiar
*A&D Pharma playing hard on the private clinics market: contract for 10,000 employees – in Ziarul Financiar

Multinational companies are interested in relocating their production activity from Romania to the Republic of Moldova to take advantage of the lower workforce and operations costs, according to the Moldavian Economy Minister Valeriu Lazar.

Dutch confectionery ingredients producer Zeelandia has recently opened a factory in Iasi, the first phase of a EUR 10 million larger project. The company has so far invested EUR 3 million in this project. It bought a 22,000 sqm land in Miroslava, near Iasi, in 2006. The factory covers 2,000 sqm and new production warehouses will be added, as well as an administrative building, in the later phases of the project.

A new International Monetary Fund (IMF) mission which will review Romania's economic performances will come to Bucharest on October 20 and stay until the beginning of November, according to Mihai Tanasescu, Romania's representative to the IMF, quoted by Agerpres.

Octogon Gas & Logistics received a EUR 9.4 million financing from Banca Transilvania to build the largest Liquefied Petroleum Gas (LPG) marine terminal in the Midia – Navodari harbor. The terminal was scheduled to officially open on Thursday, October 7. The project took around a year to be completed.

Romania needs to regain the trust of foreign investors and avoid a third year of economic crisis in the country, said Mariana Gheorghe, Petrom CEO and head of the Foreign Investors Council (FIC) in Romania. The council has launched a 80-measure plan to send Romania back on the economic revival path. The council estimates such measures could allow the country grow its Gross Domestic Product (GDP) by 11.6 percent, should these measures be applied by 2015.

The local retail market was down 12 percent in the first half of the year, according to Nielsen Romania. The drop was higher – 15 percent - excluding the sales of discount stores. Traditional trade was the most affected, but still covered the bulk of the market in Romania, although hypermarkets and discounters have gained more ground in the meantime.

Romania plans to support young investors who will start a business by offering them state guarantees, as well as exemptions from social security payment and a state aid of 20 percent of the value of their projects, up to EUR 10,000. The Romanian Government has put up for public debate the ordinance project and plans to enact it later on.

With coal, gas, nuclear and large hydropower plants largely under state control, investors have found it hard to tap the European Union (EU) member state's energy market as successive governments have stalled reforms, privatizations and public-private partnerships, wrote newswire Reuters in a recent analysis about the Romanian wind projects market.